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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Flex space
501 Highland Ave 503 Morton, PA 19070-1204
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-5831035
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2017
Total area
19,475 SF
Lot
3.6 ac (156,990 SF)
APN
38-04-01618-00
UPID
US73-5831035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.66M
Owner & transaction history
Morton Commons LLC · 10 yrs held
Morton Commons LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+70.4%
Office building
$2.2M
+63.0%
Commercial (general)
$1.9M
+37.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,970,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,355,000
Current use
AUTO REPAIR, GARAGE
$2,310,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$2,210,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,500,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$69,869
Tax year 2024
Assessed value
$2,012,250
Assessed 2024
Previous assessed
$2,012,250
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$397,100
Assessed improvement
$1,615,150
Total market value
$2,012,250
Applied tax rate
3,809.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2017
Heating
NONE
Cooling
NONE
Total area
19,475 SF
Lot
3.6 ac (156,990 SF)
APN
38-04-01618-00
UPID
US73-5831035
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Cooling
Yes
Lot
3.6 ac
Current owner
From public records · entity-resolved
Morton Commons LLC
Entity
Mailing address
501 HIGHLAND AVE #503, MORTON, PA 19070-1204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
—
Morton Commons LLC
—
Deed
related
$1,000,000 · Meridian Bank
Jan 31, 2020
—
Morton Commons LLC
—
Deed
related
—
Dec 21, 2018
—
Morton Commons LLC
—
Deed
related
$6,000,000 · Meridian Bk
Mar 28, 2017
—
Morton Commons LLC
—
Grant Deed
related
$2,200,000 · Meridian Bk
Jul 5, 2016
—
Morton Commons LLC
Morton Commons INC
Deed
$2,925,000 · Meridian Bank
Oct 11, 2011
—
Morton Commons INC
—
Trustees Deed
related
$100,000 · Meridian Bank
Aug 26, 2011
—
Morton Commons INC
Mortoncommons INC
Quit Claim Deed
—
Nov 19, 2010
—
Morton Commons INC
Utc & Ras INC
Grant Deed
—
May 22, 2008
—
Utc/ras INC
United Transportation Corp INC
Other
$1,875,000 · First National Bank Of Chester Coun
Apr 8, 1998
—
United Transportation Corp
Delaware County Industrial Dev
Grant Deed
$500,000 · First National Bank New Englan
—
—
Morton Commons LLC
—
Loan Modification
related
$6,000,000 · Meridian Bk
—
—
Morton Commons INC
—
Deed Of Trust
related
$1,118,000 · Pennsylvania Corp
—
—
Morton Commons INC
—
Deed Of Trust
related
$1,760,000 · Meridian Bank
—
—
Morton Commons LLC
—
Loan Modification
related
—
—
—
Morton Commons INC
—
Deed Of Trust
related
$1,500,000 · Meridian Bank
—
—
Morton Commons INC
—
Deed Of Trust
related
$1,000,000 · Meridian Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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